# The Partnerships (Restrictions on Contributions to a Trade) Regulations 2006, Regulation 2: Interpretation


In these Regulations—
“ICTA” means the Income and Corporation Taxes Act 1988;
“ITTOIA” means the Income Tax (Trading and Other Income) Act 2005;
“relevant individual” means—
(a) a limited partner (within the meaning in section 117 of ICTA),
(b) a member of a limited liability partnership (within the meaning in section 118ZA of ICTA), and
(c) a general partner (that is, not a limited partner) who does not devote a significant amount of time to the trade (within the meaning in section 118ZH of ICTA),
where the partnership carries on a relevant trade (within the meaning in section 122A(1) of the Finance Act 2004); and
“profit-sharing arrangements” has the meaning in section 850(6) of ITTOIA.

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110745329/regulation/2 (the official version)
Page: https://openlegislation.uk/draft-partnerships-restrictions-on-contributions-to-a-trade-regulations-2006/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.